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Weekly review of Azerbaijani currency market

Business Materials 5 November 2011 15:02 (UTC +04:00)
Last week the official rate of the manat to the US dollar, set by the Central Bank of Azerbaijan , consolidated by 0.0001 points (0.01 percent). The average rate was established at 0.78684 manat to 1 U.S. dollar.
Weekly review of Azerbaijani currency market

Azerbaijan, Baku, Nov.5 / Trend , N.Ismayilova /

Last week the official rate of the manat to the US dollar, set by the Central Bank of Azerbaijan , consolidated by 0.0001 points (0.01 percent). The average rate was established at 0.78684 manat to 1 U.S. dollar.

Exchange rate of manat to 1 U.S. dollar:

Oct.24

0.7869

Oct.31

0.7869

Oct.25

0.7869

Nov.1

0.7869

Oct.26

0.7869

Nov.2

0.7868

Oct.27

0.7869

Nov.3

0.7868

Oct.29

0.7869

Nov.4

0.7868

Average weekly

0.7869

Average weekly

0.78684

As a result of last week's exchange, the rate of the Azerbaijani manat to the U.S. dollar, established based on results from the Baku Inter-bank Currency Exchange (BICEX) remained unchanged at 0.7861 manat to $1.

Deals concluded last week at BEST with transition to currency (T+0) comprised: Oct.31- $7.154 million with exchange rate of 0.7861 AZN/USD, Nov.1- no deals were concluded, the exchange rate remained unchanged at 0.7861 AZN/USD, Nov.2 - $0.397 million with the exchange rate of 0.7861 AZN/USD, Nov.3 - $3.664 million with the exchange rate 0.7861 AZN/USD, Nov.4 - o deals were concluded, the exchange rate remained unchanged at 0.7861 AZN/USD.

Exchange rate of manat to 1 U.S. dollar:

Oct.24

0.7870

Oct.31

0.7861

Oct.25

0.7870

Nov.1

0.7861

Oct.26

0.7861

Nov.2

0.7861

Oct.27

0.7861

Nov.3

0.7861

Oct.29

0.7861

Nov.4

0.7861

Average weekly

0.78646

Average weekly

0.7861

No deal was concluded with USD/AZN T+1 and T+2 due to too few appeals by dealers.

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